SIDLEY CHEMICAL supplied petroleum grade polyanionic cellulose(PAC-LV) to OREN HYDROCARBONS MIDDLE EAST INC FZE in 2021, with excellent product quality and competitive price, and after 1 year OREN HYDROCARBONS MIDDLE EAST INC FZE began to default on payment for the PAC-LV without any reason, and the amount of the payment was more than $700,000 USD. After several negotiations, OREN HYDROCARBONS MIDDLE EAST INC FZE refused to pay for the PAC-LV and demanded to continue to deliver the PAC-LV. In response to this behavior, the SIDLEY CHEMICAL appointed a Dubai law firm to sue OREN HYDROCARBONS MIDDLE EAST INC FZE. In May 2024, we won the case. We will ask the court to freeze OREN HYDROCARBONS MIDDLE EAST INC FZE’s funds and assets until we recover our losses.
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